Acrivon Therapeutics, Inc. (ACRV) vs VAXART, INC. (VXRT)

Acrivon Therapeutics, Inc. and VAXART, INC. are both Biotechnology companies. Acrivon Therapeutics, Inc. and VAXART, INC. are of similar size ($92.4M and $90.9M). Acrivon Therapeutics, Inc. has negative trailing earnings, so its P/E is not meaningful; VAXART, INC. trades at 2.8×. VAXART, INC. has the higher net margin (15.9% vs 0.00%) and the higher return on invested capital (134.6% vs 0.00%). Across the 14 metrics below, VAXART, INC. leads on 11 and Acrivon Therapeutics, Inc. on 3.

Valuation

Metric ACRV VXRT Biotechnology median
P/E n/m 2.81 7.88
P/S n/m 0.45 11.47
P/B 1.01 1.32 2.52
Price to free cash flow n/m 3.26 21.16
EV/EBITDA 0.03 1.49 0.74
EV/Sales n/m 0.28 10.73
Earnings yield (89.52%) 35.56% (28.84%)
Free cash flow yield (72.99%) 30.65% (23.03%)

Profitability

Metric ACRV VXRT Biotechnology median
Gross margin 0.00% 100.00% 65.16%
Operating margin 0.00% 16.30% 0.00%
Net margin 0.00% 15.88% 0.00%
Free cash flow margin 0.00% 13.74% 0.00%
Return on equity (64.63%) 66.97% (57.72%)
Return on assets (57.61%) 23.44% (49.22%)
Return on invested capital 0.00% 134.59% 0.00%

Growth

Metric ACRV VXRT Biotechnology median
Revenue growth (TTM) — 201.10% 5.64%
EPS growth (last fiscal year) 15.13% 121.21% —
Revenue growth, 5-year CAGR — 125.76% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACRV VXRT Biotechnology median
Debt to equity 0.00 0.00 0.00
Current ratio 7.99 1.60 4.73
Net debt to EBITDA 1.43 (2.42) 0.96

Dividend

Metric ACRV VXRT Biotechnology median
Dividend yield — 3.63% 2.10%
Payout ratio — 0.00 0.00

Size

Metric ACRV VXRT Biotechnology median
Market cap 90.85m 92.41m 162.10m

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